2222 GIBRALTAR Road
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 31, 2019 | No longer available | - | |
| No longer available | |||
| Jan 28, 2019 | Sold | ||
| Sold | |||
| Sep 5, 2018 | Listed | $1,295,000 | |
| Listed | |||
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Perched in the foothills above the Riviera and down a private gated lane, this incredible 4+ acre building site offers a front row seat to experience the best of Santa Barbara's incredible beauty. Sweeping ocean views and the rolling ridges of the Santa Ynez Mountains are on prominent display from all vantage points. Lacy oak groves, winding trails, and an avocado orchard add to the natural wit and wonder of the site. Both a world away and yet not too far from the best of Montecito and downtown Santa Barbara, this blank canvas is ready for a masterpiece. The flat building pad in a prime location includes utilities to the site and offers an ideal location for a new estate.
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| Mar 2, 2017 | Listed by Village Properties | $1,295,000 | |
| Listed by Village Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017